Annual report [Section 13 and 15(d), not S-K Item 405]

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 24,192 $ 21,859
Accounts receivable, net 8,107 4,796
Inventory 95,750 91,024
Prepaid expenses and other current assets 16,720 18,016
Total current assets 144,769 135,695
Property and equipment, net 31,262 27,154
Operating lease right-of-use assets 65,382 37,465
Intangible assets, net 52,354 64,322
Goodwill 89,254 94,898
Deferred tax assets 47 1,569
Other assets 2,136 618
Total assets 385,204 361,721
Current liabilities:    
Accounts payable 30,299 28,279
Accrued liabilities 31,216 25,223
Sales returns reserve 7,587 9,610
Deferred revenue 12,215 11,782
Income taxes payable 1,039 257
Operating lease liabilities, current 8,382 7,510
Current portion of long-term debt 6,300 3,300
Total current liabilities 97,038 85,961
Long-term debt 105,411 90,094
Operating lease liabilities 63,496 35,344
Other long-term liabilities 1,625 1,704
Total liabilities 267,570 213,103
Commitments and contingencies (Note 15)
Stockholders’ equity:    
Preferred stock, $0.001 par value; 50,000,000 shares authorized; zero shares issued or outstanding as of December 31, 2024 and 2023, respectively 0 0
Common stock, $0.001 par value; 500,000,000 shares authorized; 10,669,649 and 10,567,881 shares issued and outstanding as of December 31, 2024 and 2023, respectively 128 128
Additional paid-in capital 471,758 466,172
Accumulated other comprehensive loss (60,849) (50,269)
Accumulated deficit (293,403) (267,413)
Total stockholders’ equity 117,634 148,618
Total liabilities and stockholders’ equity $ 385,204 $ 361,721